Forex Blog

Andrews' pitchfork is used to build the main price channel on the trend market, and also to divide it into two parts. The lines that are created based on pitchforks demonstrate nothing less than support and resistance, showing the degree of probability that the price will depart from the line and go beyond the price corridor.

Do not be naive to believe that the huge amount of money you spend on super courses will turn you into a millionaire trader, a market genius and a professional. Success includes not only the knowledge gained but also their correct application. And this means you can not do without practice. Practical training is above all.

Trade within one day can bring about 10-20% monthly. This option is popular with both beginners and market professionals. This is a good stable profit, while the risks are not too high.

The main features of night trading on Forex:1) Free time! This mode is perfectly appealing to those who combine trading with the main occupation (work), playing at night. You can also schedule your own schedule: work on forex takes place at night.2) Despite the fact that this is night, the efficiency of the trading process is increasing. And noticeable. The reason is that the player does not have external distractions, no irritants or interference.

The player actively and widely applies graphics as a means for conducting a technical analysis of the market, for forecasting and making correct trading decisions.

At the moment, funds are attractive: it is a high-quality investment product, where the profit potential is really wide.

In the period of lateral movement it is recommended that traders refrain from making transactions

Technical indicators help traders correctly determine the direction of price movement for making profitable trades

For beginners, it is extremely important to understand the peculiarities of trading on  forex, to learn all the "pitfalls of the market" and to understand the factors that are fundamental in the process of earning.

In the role of influencing factors provoking the movement of the pound, macroeconomic indicators in the UK and other important data directly related to the state.